Dimon's years at the Fed window
Reader comment on: Kinsley's We
Submitted by Fast Eddie (United States), May 8, 2012 12:10
Actually, with respect to Dimon, Kinsley has something of a point because Dimon and his firm have used Billions of taxpayer dollars, obtained via loans from the Federal Reserve at essentially zero interest, to fund some of their operations and generate some of their profits. Absent Fed intervention in the dark days of 2008, it is highly unlikely that Dimon or the other TBTFs on Wall St., all of course doing God's work, would still be pulling down their outrageous salaries, which they then use to lobby the Congress to delay/destroy regulations that were devised to avoid another meltdown and more subsidies to these same fellows and firms.
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